Retrocession

Retrocessional arrangements generally are governed by a reinsurance or retrocessional agreement and the principles applicable to reinsurance also are applicable to retrocessional cover.

Retrocession is the return of something (e.g., land) that was ceded in general or, specifically:

Examples:

• District of Columbia retrocession, the retrocession to Virginia, and potentially to Maryland, of the land ceded to create the District of Columbia
• Retrocession of Louisiana (New Spain) from Spain to France, formally accomplished just three weeks before the U.S. received the Louisiana Purchase lands from France
• Taiwan retrocession, the retrocession of Taiwan from Japan to China in 1945; See Taiwan under Japanese rule
  • Retrocession Day, an annual observance and unofficial holiday in Taiwan